The internet is much more than viral videos, cat memes, and an endless circuit of news headlines. There are actually dozens upon dozens of valuable resources and tools that help people learn more and make better decisions about their lives. Most of us never receive any formal training in money management, which can cause a lot of us to struggle in some areas as adults.
Luckily, there are plenty of ways we can begin improving our finances, saving up, and reaching goals. These are a few online financial calculators that will help you cover major bases. From getting out of debt to borrowing student loans, you can rely on these to navigate some of life’s biggest financial decisions.
1. Life Expectancy Calculator
You might think morbid curiosity is the only reason to use a calculator to estimate your life expectancy, but there are practical benefits, too. Retirement planning, for example, is largely affected by how long you expect to live or at least be independent. Some seniors combine their homes with their adult children or relatives for a more comfortable life in their golden years, so their finances will look different from that budgeting for two to three more decades of life.
Using a tool like Livingto100, you can understand how your current lifestyle and medical conditions affect your overall expectancy. This may also alter how you adjust your life insurance policy. Keep in mind, these are helpful tools, but they do not replace any assessments from licensed medical doctors. You should also remember that a low life expectancy from poor lifestyle choices does not guarantee an early death. There are many ways to change your diet positively, exercise routine, and live longer and happier habits.
2. Life Settlement Calculator
You can use a life settlement calculator to determine the worth of your current policy and how much you could sell it for. Life insurance is often used as a form of long-term investment, and you can use it to supplement retirement income, budget, or pay off significant expenses.
All settlements are not made equal, so a bit of research is required if you want to get the best payout for your policy. Life settlements can be for a term or whole policies, despite what you may think. Many seniors planning to retire early may take their settlement over social security benefits to avoid taxes and unnecessary fees.
Adults in their 40s and 50s may decide to settle their policy if their children are financially independent or they simply want a lump sum payment. You can always purchase smaller, more affordable policies later and enjoy the cash from your settlement however you want.
3. Student Loans Calculator
There are two main types of student loan calculations you need to consider. The first is how much you need to borrow to pay for college, and the second is how much you’ll actually owe a lender after you factor in interest. The cost of college will vary wildly from state to state depending on the school, your resident status, and even whether you live on campus, in your own apartment, or at home.
Adult learners returning to school may pay less because they can contribute tuition and supplies out of their own pockets. Projecting your financial outlook while still in school is the best way to make informed decisions about your student loans. Just because you can borrow a certain amount does not mean you have to or even should.
4. Home Equity Loan Calculator
Home equity is a great asset to have when you want to renovate, pay off debts or put a large sum of money toward an investment. Homeowners can also apply for home equity lines of credit, which allow you to borrow against your mortgage when you want rather than taking out one lump sum.
You can determine how much equity your home is worth, as well as how much it would cost to borrow a loan. One reason you might want to work to pay off your mortgage faster is greater access to equity later. This can be extremely helpful if you’re planning to do a remodel, make aging-in-place modifications, or pay off debt.
Some homeowners use equity to pay off their student loans or help pay for their children’s college expenses. The best part is that there are no restrictions on how you get to use what you borrow. The money is yours because it’s essentially what you’ve paid off on your house. Calculating what you could access through a home equity loan is a useful strategy for anyone who is actively thinking about their financial future.
5. Paycheck and Taxes Calculator
How much money do you really take home? Is that job offer with a higher salary really that much better than your current position? Earning more costs more, whether you save a lot or only a tiny portion. Take-home pay, or your gross income, is much different from what you see printed on a job listing or your contract. Taxes, Social Security contributions, health insurance, and more affect how much you really earn.
Calculating your paycheck and taxes allow you to plan ahead, adjust your deductions and optimize your earnings. You can even calculate pay by state or by the hour to see how you stand to earn if you move or your payment method changes. The SmartAsset federal paycheck calculator is great for salaried and hourly workers. Using filters in the sidebar, you can make adjustments for your filing status, dependents, location, pay frequency, allowances, and pre-and post-tax deductions.
6. Credit Card Repayment Calculator
Credit cards are versatile tools that can help you build a solid financial portfolio over time, but they come with their fair share of risks, too. If you’ve come into a bit more debt than you can comfortably manage, you need a simple but comprehensive debt recovery plan ASAP.
Try out Credit Karma’s Debt Repayment tool to estimate how long it will take you to pay off your debt with your current repayment plan. This calculator makes it easy for you to see how increasing your monthly installments could speed up the process and even save you money by lowering your total owed interest.
7. Currency Converter Tool By TechProReviewers
No doubt you can convert any currency by searching on google, But for every currency, you have to search different queries, But the last month we launched our Currency Converter on which you can convert more than 40 currencies including digital and international currencies.
So we can’t be biased and we are mentioning our Converter at the end of this list of best online financial calculators. Visit Currency Converter Tool By TechProReviewers.
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Sarah Durrani 
